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India
As of 18 Sept 2026, 03:30 pm
For the fiscal year 2025-26, Sarda Energy & Minerals Ltd. reported a total income of ₹5,928 crore, an increase of 23%. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 44% to ₹2,025 crore, and profit after tax increased by 58% to ₹1,109 crore. The company also reduced its consolidated net debt by over 85% to ₹215 crore. The Board recommended a dividend of ₹2 per equity share, which is 200%.
On September 4, 2026, Sarda Energy & Minerals Ltd. received an IND A1+ credit rating from India Ratings & Research Pvt. Ltd. for its commercial paper program up to ₹1,000 million. On the same date, India Ratings & Research affirmed the IND A1 rating for bank loan facilities of Sarda Metals & Alloys Ltd., a wholly owned subsidiary, for ₹500 million.
As of September 17, 2026, the daily trend for Sarda Energy & Minerals Ltd. shows a bearish Supertrend direction with the closing price of ₹506.95 below the 20-day Exponential Moving Average (EMA) of ₹511.74 and the 50-day EMA of ₹512.34. However, the weekly trend indicates a bullish Supertrend direction, with the closing price above the 20-day EMA (₹518.67) and 50-day EMA (₹519.08) on a weekly basis, although the EMAs themselves are trending downwards.
Sarda Energy & Minerals Ltd. has scheduled its 53rd Annual General Meeting (AGM) for September 24, 2026, at 11:30 a.m. IST, to be conducted via video conferencing only. The company published a notice for this meeting and also released its Annual Report for FY 2025-26, which includes audited financial statements.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹1,608.04 crore | ₹1,253.57 crore | ₹1,275.99 crore | ₹1,527.78 crore | PEAK₹1,633.11 crore |
| Profit Before Tax | PEAK₹614.71 crore | ₹210.49 crore | ₹254.95 crore | ₹430.86 crore | ₹553.19 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹13 per share | ₹4.48 per share | ₹5.40 per share | ₹9.17 per share | ₹12.33 per share |
| Finance Costs | ₹58.44 crore | ₹53.53 crore | PEAK₹64.34 crore | ₹64.10 crore | ₹62.49 crore |
| Other Expenses | PEAK₹227.10 crore | ₹199.26 crore | ₹180.50 crore | ₹207.19 crore | ₹176.57 crore |
| Other Comprehensive Income | -₹1.86 crore | -₹55 lakh | PEAK₹1.73 crore | -₹7.05 crore | -₹71 lakh |
Inter‑segment revenue, which represents internal transfers between business segments, was ₹153.95 crore in the current quarter. This was 17.5% lower than the ₹186.50 crore recorded a year earlier and 6.2% below the previous quarter’s ₹164.17 crore.
Other comprehensive income was –₹1.86 crore in the quarter, compared with –₹0.55 crore in the prior quarter and –₹0.71 crore a year ago. Paid‑up equity capital remained unchanged at ₹35.24 crore (face value ₹1 per share), indicating no dilution.
The first quarter of FY2026‑27 marked a sharp rebound from the preceding quarter’s low. Revenue recovered to near year‑ago levels, while profit before tax exceeded the year‑ago figure, demonstrating improved profitability. The decline in inter‑segment revenue and the modest negative other comprehensive income are minor relative to the overall performance, and the stable equity base supports consistent per‑share comparisons.
Exchange disclosures and regulatory announcements for Sarda Energy and Minerals.
Sarda Energy & Minerals Ltd. published advertisements on September 4, 2026, in The Indian Express and Loksatta to inform shareholders about a special window for the transfer and dematerialization of physical shares. The company filed this notice with the BSE and NSE to comply with exchange reporting requirements regarding the newspaper clippings. Manish Sethi, the Company Secretary, digitally signed the communication on behalf of the firm.
India Ratings & Research affirmed the IND A1 rating for bank loan facilities of Sarda Metals & Alloys Ltd., a wholly owned subsidiary of Sarda Energy & Minerals Ltd., for ₹500 million, as disclosed on September 4, 2026.
On September 4, 2026, Sarda Energy & Minerals Ltd. received an IND A1+ credit rating from India Ratings & Research Pvt. Ltd. for its commercial paper program with a maturity of up to 365 days and an issue size of ₹1,000 million.
Sarda Energy & Minerals Ltd. disclosed on September 1, 2026, that it published a newspaper advertisement regarding the notice for its 53rd Annual General Meeting scheduled for September 24, 2026, at 11:30 a.m. IST via video conferencing only. The filing was submitted to the BSE and NSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sarda Energy & Minerals Ltd. submitted its Annual Report for FY 2025-26 and the Notice for its 53rd Annual General Meeting (AGM) to be held on 24th September 2026. The report covers the period from April 1, 2025, to March 31, 2026, and includes audited financial statements by M/s. Singhi & Co. The company reported a 23% increase in total income to ₹5,928 crore, a 44% rise in EBITDA to ₹2,025 crore, and a 58% increase in profit after tax to ₹1,109 crore. Consolidated net debt was reduced by over 85% to ₹215 crore, and the Board recommended a dividend of ₹2 per equity share (200%), the highest in the company's history.
Sarda Energy & Minerals Limited announced its 53rd Annual General Meeting scheduled for September 24, 2026, to be held via video conference. The meeting agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the declaration of a dividend at ₹ 2.00 per share (200%). Additionally, the company will seek shareholder approval for the re-appointment of Mr. Anant Sarda as a Non-Executive Non-Independent Director for a five-year term starting September 24, 2026, ratification of Cost Auditor remuneration for 2026-27, and an enabling resolution to issue Non-Convertible Debentures up to ₹ 1,000 crores.
Significant increase in volume has been observed in Sarda Energy & Minerals Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Sarda Energy & Minerals Limited has submitted their response. |SUBJECT: Spurt in Volume
Recent market and company developments associated with Sarda Energy and Minerals.
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Sunil Singhania's Abakkus Asset Management added two new stocks and increased holdings. The firm acquired stakes in Afcom Holdings and TTK Healthcare during the quarter. Abakkus also boosted its positions in Arvind Fashions and Cyient DLM. Holdings were reduced in five other companies, with likely exits noted. This activity reflects the veteran investor's ongoing portfolio adjustments and market strategy.
Comprehensive Section Breakdown for Sarda Energy and Minerals
Strategic Vision: Vertically integrated producer of steel, ferro alloys, and power.
• Vertically integrated operations from mining to manufacturing.
• Captive iron ore and manganese resources.
• Self-sufficiency in power generation.
Sarda Energy & Minerals reported a sharp recovery in revenue and a substantial jump in profit for the first quarter of FY2026‑27, ended 30 June 2026. Revenue rose 28% from the preceding quarter’s low, while profit before tax nearly tripled. Although revenue was slightly below the same quarter a year ago, profit was higher, reflecting improved profitability. The quarter reverses the declining trend seen across the prior three quarters.
Revenue from operations declined steadily through the four quarters of FY2025‑26, falling from ₹1,633.11 crore in the first quarter to ₹1,253.57 crore in the fourth quarter. In the first quarter of FY2026‑27, revenue recovered to ₹1,608.04 crore, a sequential increase of 28.3%. Compared with the year‑ago quarter, revenue was 1.5% lower.
Profit before tax followed a similar path but with a much larger swing. After dropping from ₹553.19 crore in Q1 FY2025‑26 to ₹210.49 crore in the fourth quarter, PBT jumped to ₹614.71 crore in the current quarter—a sequential increase of 192% and an 11.1% rise over the year‑ago figure. Basic earnings per share moved from ₹4.48 in the prior quarter to ₹13.00, up 190% sequentially and 5.4% year over year.
The combination of a slight revenue decline and a double‑digit profit increase compared with the same quarter last year signals that overall profitability improved.
The major operating expenses in the current quarter were: cost of materials consumed ₹652.94 crore, employee benefits ₹58.20 crore, finance costs ₹58.44 crore, depreciation and amortisation ₹88.77 crore, and other expenses ₹227.10 crore.
Compared with Q1 FY2025‑26, finance costs decreased 6.5% (from ₹62.49 crore) while other expenses increased 28.6% (from ₹176.57 crore). Profit before tax as a percentage of revenue improved from 33.9% in the year‑ago quarter to 38.2% in the current quarter.
Category: Manufacturing
Manufactures various steel products including Sponge Iron, Steel Billets, and Wire Rods, supported by captive iron ore resources.
Category: Manufacturing
Significant producer and exporter of niche-grade manganese-based ferro alloys, utilizing captive manganese resources.
Category: Supply Chain
Acquires and operates iron ore and manganese mines in India and globally to ensure resource independence for its manufacturing operations.
Category: Manufacturing
Generates power through captive sources using waste heat and coal, and holds interests in hydro power projects to meet internal energy needs.
Core Thesis: Backward integration and self-sufficiency in energy and mineral resources enhance cost efficiency and resource independence across its operations.
• Captive Resource Utilization: Leverages captive iron ore and manganese mines to directly supply its steel and ferro alloy production facilities. • Energy Self-Sufficiency: Utilizes waste heat, coal, and hydro power projects for captive energy generation to support its manufacturing processes. • Vertical Integration: Controls the value chain from mining raw materials to producing finished steel and ferro alloy products.